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The rupee plummeted to a new low of 90.25 against the greenback in the intra-day session on Wednesday (December 3, 2025), falling 29 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.
A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 89.96 against the greenback and slipped to an all-time intra-day low of 90.25, down 29 paise from its previous close.
On Tuesday, the rupee settled 43 paise down at an all-time closing low of 89.96 against the US dollar, largely owing to continued short-covering from speculators and sustained importer demand for the American currency.
The Monetary Policy Committee (MPC) meeting starts on Wednesday (December 3, 2025) and the interest rate decision will be declared on December 5 ahead of the Fed interest rate decision on December 10.
“A rate cut by the RBI could invite further selling of the rupee,” Mr. Bhansali added. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% lower at 99.22.
Brent crude, the global oil benchmark, was trading 0.03% lower at $62.43 per barrel in futures trade.
On the domestic equity market front, Sensex declined 165.35 points to 84,972.92 in early trade, while Nifty was down 77.85 points to 25,954.35.
Foreign Institutional Investors (FIIs) sold equities worth ₹3,642.30 crore on Tuesday (December 2, 2025), according to exchange data.
Published – December 03, 2025 11:04 am IST
